Looking at Price Action in the 1 hour time frame shows us detailed levels of price action. We have a Seller Bias as we are in a Bearish Market, i'd be interested in entering this pair because price broke below a previous structure and looks to be heading lower, breaking this ascending trend line. I'd be looking for Price Action Confirmation such as Bearish Pin...
If you have not done so it is a great time to exit your USDETH shorts until further notice. It looks like the worst of the storm is over, and there is obvious buying pressure in play but I will not be too quick to jump on that train just yet.
Overall, my sentiment is that ETH will bounce to 220 level and perhaps beyond too, so my position currently...
SPWR had a huge bull breakout of a failed wedge bear flag. When a wedge fails there is often a measured move based on the height of the wedge. Prices are also testing above the top of the bear breakout and sell climax of August 2016. However prices are still within a large trading range (always look left!). This increases the likelihood of heavy two sided...
BYND broke out to a new all time high last week and tested above the 200 level where there was profit taking. Last week became a buy climax and prices are currently testing below the bottom of the climax. When a climax forms, prices often correct in two legs sideways to down (or up with a sell climax). However, there is still an open bull gap around 163. If...
1. Head and Shoulders pattern forming on daily chart
2. Price rejecting common point on 4hr chart
3. Moving average crossover on 4hr chart
4. Inside bar formed on daily chart
5. Price retesting previous support on hourly chart
Enough confirmation for a SELL trade
SELL @ 1.61190
SL @ 1.62000
TP @ 1.61200
SELL @ 1.61190
SL @ 1.62500
Hello all - DuncanForex here with a continuation trade
A Buy limit at the 61.8% retrace activated and lets now see if it heads higher along with the other trades I am holding
The entry was on a 1 minute chart however you cannot publish lower than 15 mins so it is being managed on a 1 minute chart as well
DuncanForex.com is now live.
Thanks for looking at my...
Strong Bulls are always looking to buy. Strong Bears are always looking to sell. Weak Bulls and Weak Bears are usually indecisive and wait until its too late, entering at the worst possible time. In general, Strong Bulls sell to Weak Bears, and Strong Bears buy from Weak Bulls. When both Strong Bulls and Strong Bears sell (strong bulls to take profits, and strong...
Strong Bulls are always looking to buy. Strong Bears are always looking to sell. Weak Bulls and Weak Bears are usually indecisive and wait until its too late, entering at the worst possible time. In general, Strong Bulls sell to Weak Bears, and Strong Bears buy from Weak Bulls. When both Strong Bulls and Strong Bears sell (strong bulls to take profits, and...
Hello all - DuncanForex here with another trade idea
Although against the prevailing trend, NZDUSD has broken out from it's down trend.
It is currently at support where previously a head and shoulder pattern was created.
Based on this price action, I expect it to head higher to previous resistance.
I will be watching it closely and trailing my stops, however...
Not very keen of this price action, I would typically wait for the week-end close / Monday open before forming any directional bias.
That said, from a ranging standpoint, a break and close above 9470$ would open the door for scalp-longs towards 9800$ with a stop below Sunday low.
Tiny size if I ever trigger, will probably half risk it considering I would...
After USDCAD beat the congestion/resistance zone, it also beat a Daily bear trend line.
Now on 4H timeframe we got a Bullish Bias and we can place a new bull trend line.
The congestion formed before breaking the Bear trend line and resistance could be seen as a retest, but i missed the entry bar. So now i expect a retest on the following zones:
- On the EMA and...